$3,500,000
$3,750,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
702 R Avenue National City, CA 91950
0.81 Acres Lot
Key Details
Sold Price $3,500,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 210018004
Sold Date 09/30/21
HOA Y/N No
Lot Size 0.810 Acres
Acres 0.81
Property Description
Epic opportunity to take this turnkey single-story 12-unit gem to the next level! All units are 2br/1ba and have upgraded granite kitchens and baths, 36-inch wide interior doors (handicap-friendly), walk-in closets, newer front doors, and an extra storage unit for each! Utilities paid by the tenants who enjoy a fantastic garden setting on almost an acre of land with ample parking too (18 spaces). Rents were just raised, and as of July 1, 2021 the GSI is $230,800. There is rent control of 5% + CPI (1.8% this year) = 6.8% which is about the same as the market's average increase anyway. Please do not bother the tenants - some of which have been there 10-20 years. Epic opportunity to take this turnkey single-story 12-unit gem to the next level! All units are 2br/1ba and have upgraded granite kitchens and baths, 36-inch wide interior doors (handicap-friendly), walk-in closets, newer front doors, and an extra storage unit for each! Utilities paid by the tenants who enjoy a fantastic garden setting on almost an acre of land with ample parking too (18 spaces). Rents were just raised, and as of July 1, 2021 the GSI is $230,800. There is rent control of 5% + CPI (1.8% this year) = 6.8% which is about the same as the market's average annual percentage-increase anyway. Please do not bother the tenants - some of which have been there 10-20 years.
Location
State CA
County San Diego
Area 91950 - National City
Interior
Fireplace No
Exterior
Total Parking Spaces 18
Others
Tax ID 55712040
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
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Bought with Farid Khayamian • Bluxen